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Mirae Asset Equity Savings Fund Direct - Growth
NAV as of ( Sep 09, 2022 )
₹ 15.61 0.07 % 1-D Change
Returns
12.56% p.a.
You get upto 1.01% extra returns
ET Money's Fund Report Card - Mirae Asset Equity Savings Fund
ET Money Rank
2
Out of 18
Performance Quality
Excellent
Generated returns consistently
5/5
Increased returns for each unit of additional risk
5/5
Downside Protection
Good
Controlled losses during market corrections
4/5
Delivered returns without frequent ups and downs
2/5
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Monthly SIP
Monthly SIP is not available for this fund
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Lumpsum
Lumpsum is not available for this fund
₹
Minimum SIP amount is ₹
₹
Minimum Lumpsum amount is ₹
Fresh Investments closed in this fund!
This fund is no longer available to invest
This fund
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Show performance of:
Scheme Details
| ET Money Rank | 2 Out of 18 |
| VRO Rating | |
| Expense ratio | 0.41% As on May 31, 2022 |
| Exit Load |
1.0%
|
| AUM (Fund Size) | ₹ 583 Crs |
| Lock-in | No Lockin |
| Age | 3 yrs 9 m Since Nov 26, 2018 |
| Benchmark | NIFTY Equity Savings TRI |
| Min. Investment |
SIP ₹ 1000 & Lumpsum ₹ 5000 |
About Mirae Asset Equity Savings Fund
Mirae Asset Equity Savings Fund Direct - Growth is a Equity Savings mutual fund scheme from
Mirae Asset Mutual Fund
. This fund has been in existence for 3 yrs 9 m, having been launched on 26/11/2018. Mirae Asset Equity Savings Fund Direct - Growth has ₹583 Crores worth of assets under management (AUM) as on 30/06/2022 and is medium-sized fund of its category. The fund has an expense ratio of 0.41%, which is less than what most other
Equity Savings
funds charge. Currently, the fund has a 40.79% allocation to equity and 23.14% to Debt.
.....
- Mirae Asset Equity Savings Fund Direct - Growth returns of last 1-year are 4.72%. Since launch, it has delivered 12.68% average annual returns.
- Mirae Asset Equity Savings Fund Direct - Growth scheme's ability to deliver returns consistently is higher than most funds of its category. Its ability to control losses in a falling market is above average.
- The fund's equity portion is primarily invested in Financial, Technology, Services, Automobile, Energy sectors. It has taken less exposure in Financial, Technology sectors compared to other funds in the category.
- The debt portion of the fund has low credit quality indicating the quality of borrowers it has lent it to is not too great.
- The fund's top 5 holdings are in GOI, Infosys Ltd., HDFC Bank Ltd., Reliance Industries Ltd., Maruti Suzuki India Ltd..
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Investment Returns Calculator
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Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
Latest Asset & Portfolio Allocation
as on May 31, 2022
Top Stock Holdings
Allocation by Market Cap
Large Cap 27.55%
Mid Cap 8.81%
Small Cap 4.43%
Other Cap 0%
Allocation by Sector
Financial 20.24%
Technology 7.97%
Services 6.93%
Automobile 6.78%
Top Debt Holdings
GOI 20.6%
Reserve Bank of India 2.67%
IIFL Finance Ltd. 0.88%
Allocation by Credit Quality
Cash & Call Money 36.07%
SOV 22.29%
AA 0.85%
Allocation by Instruments
Net Receivables 32.7%
GOI Securities 19.87%
Repo 3.36%
Treasury Bills 2.43%
Other Holdings
Others 0.69%
Comparison with equity savings Funds
as on Sep 12, 2022| Fund name | Annual Return % | Consistency | Value Research Rating |
|---|---|---|---|
| Sundaram Equity Savings Fund | 14.76% | ||
| Mirae Asset Equity Savings Fund | 13.95% | ||
| HDFC Equity Savings Fund | 11.96% | ||
| L&T Equity Savings Fund | 11.94% | ||
| SBI Equity Savings Fund | 11.75% | ||
| Edelweiss Equity Savings Fund | 11.53% |
Trailing Returns and Ranks
as on Jun 29, 2022| Period | Trailing returns | Category average | Rank within category |
|---|---|---|---|
| 1 month | 0.93% | 0.93% | 8 / 18 |
| 3 months | 7.39% | 5.56% | 3 / 18 |
| 6 months | 4.85% | 3.78% | 4 / 18 |
| 1 year | 4.76% | 4.44% | 7 / 18 |
| 3 years | 13.95% | 10.6% | 2 / 18 |
Riskometer
Level of Risk in the Scheme
Investors understand that their principal will be at Moderately High risk
Mirae Asset Equity Savings Fund
HYBRID EQUITY SAVINGS
The scheme seeks to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments.
- Std. Dev : 10.04
- Alpha : 2.64
- Beta : 1.3
- Sharpe : 1.0
- Sortino : 1.06
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Mahendra Kumar Jajoo
Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
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Harshad Borawake
Mr. Borawake is MBA(Finance) & B.E.(Polymers)
Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst - Equity.
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Vrijesh Kasera
Mr. Kasera is a MBA (Finance), CFA (ICFAI).
Prior to joining Mirae Asset Mutual Fund, he was associated with Axis Capital Ltd. as an Equity Research Analyst. He has also been associated with Edelweiss Broking Ltd.
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Bharti Sawant
Ms. Sawant is an M.S. Finance ( ICFAI Hyderabad ), CFA and B.Com.
Prior to joining Mirae Asset Mutual Fund, She was associated with Sushil Finance Securities Pvt. Ltd., Latin Manharlal Securities Pvt. Ltd. and Kabu Shares and Stocking Pvt. Ltd. for Financial Analysis and Research.
Mirae Asset Mutual Fund
TOTAL AUM:
₹1,02,384 Crs
As on Jun 30, 2022
- Phone: 022-67800301 / 1800-2090-777
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Address: Unit No.606 - 6th Floor,
Windsor Building - Off. CST Road,
Kalina, Santacruz (East),
Mumbai, 400098
